The Surf Report--part 2

Discussion in 'Chit Chat' started by marketsurfer, Mar 2, 2011.

  1. Famous last words from a guy that has had multiple 100 + handle blow ups....very naive!

    price driver matrix & COT deciphered codes sound real sophosticated & exotic....but you do know that you are only fooling a handful of readers here.....not the experienced....let it be known.

    GL
     
    #1741     Aug 17, 2011
  2. The 2 to 3 days of bearish bias is now gone from breadth.

    Event driven weaknesses from eco #s tomorrow may drive ES as low as last Friday's low, but they can also boost it up to 1200+.

    All I can say is good luck and protect your capital with proper money management.
     
    #1742     Aug 18, 2011
  3. Now you get Friday's low pre eco #s.

    Would you consider some kind of adjustments to your stop?

    :cool:
     
    #1743     Aug 18, 2011
  4. Yeah! Stayed sleeping soundly last night while the price driver system played itself out with the expected downward slam. The short position is now aprox 22 points in the green and we are expecting further downside.

    The driver matrix remains solidly bearish tilted without any change yet. Remember, price is moved by the drivers, price is the effect not the cause--- ( one of the prime mistruths of TA is mixing cause and effect in analysis) that's so obvious, the fixed system price traders and TA cultus are truly blind to the reality of the market and cling to the charts like a holy book---- unreal!

    surf
     
    #1744     Aug 18, 2011
  5. :)

    thank you, Lawrence. Yes, I'll close this position out when the price driver matrix shifts or before it turns into a loss--- there is tremendous pressure on the downside here--but volatility is a given--- exits remain my struggle as I want to take the move for all it has--

    surf
     
    #1745     Aug 18, 2011
  6. This is a perfect time for the exchange owner to make a post with a nice chart signal attached telling us all how he could've, would've, should've gottent short NQ yesterday evening, but that he didn't because he went to sleep. In fact, the post is overdue. Maybe he is sick.
     
    #1746     Aug 18, 2011
  7. jsp326

    jsp326

    Uh, nice call?

    Was the price physics out of whack or what?
     
    #1747     Aug 18, 2011
  8. your gamble at R1 paid dividends this time.....good for you....just never say never in this game.
     
    #1748     Aug 18, 2011
  9. Thank you for your calls surf. I want to see what TA cultists like B Wolinsky say for themselves in missing such a huge move where your esteemed self has managed to capture by staying true to principles.
     
    #1749     Aug 18, 2011
  10. jsp326

    jsp326


    He's strangely silent. Maybe selling his exchange for a few billion this morning?
     
    #1750     Aug 18, 2011